An invoice of $420.00 is received with credit terms of 2 / 20, N / 30. If it is paid within the discount period, the discounted amount is $8.40.
Correct Answer:
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Q35: Credit terms of 2 / 15, N
Q36: An invoice in the amount of $1,195.00
Q37: In a calendar year (January through December),
Q38: If a manufacturer's list price is $946.00
Q39: Willa's Florist receives an invoice for $2,865.00,
Q41: What is the single discount equivalent of
Q42: November is a 31 day month.
Q43: A trade discount is the amount deducted
Q44: FOB Shipping Point means:
A) the seller pays
Q45: Discounts are allowed to be taken on
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